Proposal for Japan and China- buy US state muni bonds!

My proposal for Japan and China is to announce a plan for each nation to purchase up to $150 billion of US state municipal bonds to help out the US states during these difficult times. They would be welcomed as rescuers, much like they have been with their announcements to buy securities from troubled euro […]

Municipal Budget Cuts May Reduce U.S. GDP, Goldman Sachs Says

The aspect that’s most relevant is the state deficit spending, including their capital accounts as well as operating accounts. From what I’ve read, for this year they will have higher deficits than they will have next year, so that’s a negative for gdp. If the simply tax less and spend less that means the population […]